Health insurer VGZ takes over the majority of the activities of industry colleague ONVZ. The smaller ONVZ remains and offers health insurance policies as earlier, but VGZ becomes the risk bearer of the policies.
The Netherlands Authority for Consumers & Markets (ACM) still has to approve the acquisition. If that happens, VGZ will reach nearly 4.5 million insured persons. The company then becomes the second largest health insurer in the Netherlands, after Zilveren Kruis.
The cooperation has advantages for both parties. VGZ gains access to new target groups, such as highly educated and care providers. ONVZ customers benefit from greater financial stability.
“This is a strategic step for ONVZ,” says Jean-Paul van Haarlem, chairman of the board of ONVZ. “Thanks to VGZ we can keep our premium affordable and we will continue to provide first -class care to our customers.”
ONVZ employees don’t have to worry about their job. In principle, they can work at VGZ.
Healthcare Insurer VGZ is a bar about Most of the Activities of Peer ONVZ. The Smaller Onvz Will Continue to Exist and Offer Health Insurance As Before, But VGZ Will Become the Risk Bearer of the Policies.
The Netherlands Authority for Consumers & Markets (ACM) Must Still Approve the Takeover. If this happens, VGZ Will Reach Almost 4.5 Million Insured Persons. The Company Will then the Second Largest Health Insurer in the Netherlands, After Zilveren Kruis.
The Collaboration Has Advantages for Both Parties. VGZ Gains Access to New Target Groups, Such as Highly Educated People and Healthcare Providers. ONVZ Customers Benefit from Greater Financial Stability.
“This is a Strategic Step for ONVZ,” Says Jean-Paul van Haarlem, Chairman of the Board of Onvz. “Thanks to VGZ, we can keep our premiums affordable and continuous to provide first-class care to our customers.”
ONVZ Employees do not have to worry about Their Jobs. In principle, they can work at VGZ.